4 ms·
Easy enough. Then as a seller, I'm lowering the buyer's fees to 0% , and then negotiating my seller's agent as 4%. There's no way, as a seller, that I'm going
by pierat 3y ago
Easy enough.
Then as a seller, I'm lowering the buyer's fees to 0% , and then negotiating my seller's agent as 4%.
There's no way, as a seller, that I'm going to willingly pay the buyer's real estate agent any money. That's the buyer's job, not mine.
- SoftTalker 3y agoSold my last house and bought my current one FSBO, no agents. They really don’t do much. Hire a lawyer to help with the closing if you feel better doing that, it’ll still be cheaper than an agent.
- pierat 3y agoMaybe it's not well talked about enough, but I'm indirectly referring to https://www.realestatenews.com/2023/03/29/commissions-lawsuit-now-a-class-action-greatly-increasing-its-scope https://www.realestatenews.com/2023/03/29/commissions-lawsui... When you sell a home and you hire a realtor (sellers agent), the buyer will also likely have a realtor (buyers agent). When the house is sold, it is "traditional" for 2.5% of the cost of the house to go to the seller's agent.... BUT ALSO 2.5% goes to the buyer's agent, from the seller's sale. If the buyer doesn't have an agent, the seller's agent get 5%. The $14 billion lawsuit is all about "why does the seller have to pay for the buyer's agent when they dont represent me?". And looking at that whole pile-o-shit even from a 10000 foot view shows really broken and terrible things.
- SoftTalker 3y agoIf the seller didn’t have to pay the agents, the seller would be able to accept a lower offer. The buyer pays, in the end.